Bank of Japan Remains Pound-for-Pound World Champion of Monetization in 2020
Relative to GDP, the BoJ monetized roughly as much debt (and stocks) in just 2020 as the Fed’s entire balance sheet
Relative to GDP, the BoJ monetized roughly as much debt (and stocks) in just 2020 as the Fed’s entire balance sheet
I’m more worried about 2022 than 2021
The level of demand being met by the Fed is larger than all other sources of demand combined (including the Fed) at any prior point in history
The end of the world as we know it is apparently bullish for stocks
By Jean Le Tavernier in 1455
These figures predate the most recent stimulus bill and, of course, any follow up bill to push the transfer payment checks to $2,000
We’re all basically betting that ‘printing’ up trillions upon trillions of dollars and distributing it it all manner of new and creative ways throughout the economy won’t cause precocious inflation or other ‘unforeseen’ problems
China is going to claim in a few weeks that its economy grew almost as fast this year as it did last year…
While carload volume is still lagging 2019 moderately, surging intermodal volume has more than made up for the difference
Commodities are on the verge of breaking out of a 12 year bearish trend